in Short
Africa finance corporation : Somalia, DRC, Benin & Botswana new members
The Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider has continued to expand and diversify its membership and shareholder base, recently welcoming Benin, Botswana, the Democratic Republic of Congo, and Somalia.
Accession to membership by Botswana and Somalia advances AFC’s mandate by conferring privileges and diplomatic immunities in line with the Corporation’s multilateral status and provides support for meaningful engagement in these key African economies.
Additionally, the equity investments in AFC by existing members Benin and DRC enhance the Corporation’s pan-African spread of shareholders, which include governments, development finance institutions, and institutional investors.
